BOUCHERVILLE, QUÉBEC--(Marketwired - March 30, 2016) - RONA inc. (TSX:RON)(TSX:RON.PR.A)(TSX:RON.PR.B) will hold a special meeting on March 31, 2016 at 10:30 am inviting shareholders to consider, pursuant to the Interim Order, and if deemed advisable, to pass a special resolution concerning a statutory arrangement with Lowe's Companies, Inc. and its wholly-owned subsidiary, Lowe's Companies Canada, ULC. As a reminder, RONA and Lowe's announced on February 3, 2016 an arrangement agreement under which Lowe's is expected to acquire all of the issued and outstanding common shares of RONA for C$24 per share in cash, and all of the issued and outstanding preferred shares of RONA for C$20 per share in cash.
The special meeting will be open to RONA shareholders only.
Following the meeting, there will be no media interviews or question period for reporters.
A press release announcing the results of the vote of RONA shareholders will be released on March 31 shortly following the conclusion of the meeting.
| When |
Thursday, March 31, 2016 |
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10:30 am |
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| Where |
Hôtel Omni Mont-Royal |
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ATRIUM - 1st Floor |
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1050 Sherbrooke Street West, Montreal |
ABOUT RONA
RONA inc. is a major Canadian retailer and distributor of hardware, building materials and home renovation products. The Corporation operates a network of close to 500 corporate and independent affiliate dealer stores in a number of complementary formats. With its nine distribution centres, RONA serves its network of stores and several independent dealers operating under other banners, including Ace, for which RONA owns the licensing rights and is the exclusive distributor in Canada. With more than 17,000 employees in corporate stores and more than 5,000 employees in the stores of its independent affiliate dealers, the Corporation generates annual consolidated sales of $4.2 billion. For more information, visit rona.ca.